Aspects on the Role of Public Finances in Achieving Governmental Objectives

Abstract

In modern age, the role of public finances is complex, these serving both to provide theresources to cover the costs and as possibility of state intervention in economy. Being an importanteconomic category, finances are a pillar in achievement of the policy objectives of the state, thecentral element being the governmental power. For the production and distribution of the public goods and services, for the benefit ofcommunity, the state establishes necessary funds, which allocates for priority targets so as toensure an efficient spending of them, the way to build revenues and perform expenditures,achieving by means of the financial system of each country. The paper brings forward aspects concerning the elements of structure, functions and role ofpublic finances in the economy, important instrument of adjustment the economic and social lifeand removing economic imbalances generated by the game of market economy, left free.

Keywords

• public finances
• taxes
• subsidies
• functions
• role